IIA Exam IIA-CFSA Topic 3 Question 44 Discussion

Actual exam question for IIA's IIA-CFSA exam

Question #: 44
Topic #: 3

[All IIA-CFSA Questions]

___________ bank balances are bank assets on deposit in other banks.

A''Due from''

B''Due to fixed reserves

C''Due from reserves''

DBoth B& C

Show Suggested Answer

Suggested Answer: D

by Raina at Jan 28, 2024, 09:22 PM

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14 hours ago

Let's see, 'Due from' reserves? Sounds like the bank's got some extra change lying around.

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4 days ago

Ah, the old 'Due from' dilemma! Gotta love those bank lingo questions.

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8 days ago

I'm not sure, but I think it could also be D) Both B & C because reserves are also involved in bank balances.

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13 days ago

I agree with Avery, 'Due from' makes sense as bank balances are assets on deposit in other banks.

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16 days ago

I think the answer is A) 'Due from'.

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